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Insider UK
Insider UK
Business
Peter A Walker

Scottish businesses reveal improved turnover prospects for 2023

The majority of Scottish businesses expect 2023 to be more successful than 2022, despite challenging economic forecasts.

Almost two thirds of the country’s firms (63%) said they are confident they would have greater success in the coming 12 months, compared to the past year.

A fifth were not confident about being more successful in 2023, while 14% expected their business to perform at the same level in the next year.

The research was carried out between 1 and 14 December as part of additional polling for the monthly Lloyds Bank Business Barometer among 1,200 UK companies - including 100 businesses in Scotland - from all industry sectors and a range of companies with annual turnover above £250,000.

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